MARKETS / NYSE / ZTS
NYSE · PHARMACEUTICAL PREPARATIONS · LARGE CAP

Zoetis Inc. ZTS

15 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY12 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$9.5B
▲ 2.3% vs FY2024
Dividend streak
12 yrs
Raised every year since 2014
EPS · FY25
Dividend / sh · FY25
$2.03
Payout · FY25
ROE · FY25
66.0%
Net margin · FY25
28.2%
Dividend coverage
3.0×
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Result
USD 9.5B
Revenue, FY2025 · full 15-year series below
Revenue Net income
2.557.5109.52.7201120142017202020232025
2.557.5109.52.72016201920222025

28 cents of every revenue dollar became profit this year.

Per share
Diluted EPS, FY2025
EPS Dividend
0.81.62.42.03201120142017202020232025
0.81.62.42.032016201920222025

Earnings covered the dividend 3.0 times — the rest stayed in the company.

Profitability
66.0%
Return on equity, FY2025
ROE
2040608066.0%201120142017202020232025
2040608066.0%2016201920222025
Operating margin35.5%
Net margin28.2%
Return on assets18.0%

Each USD of equity produced 66 cents of profit this year.

Returned to shareholders
USD 3.2B
returned in FY2025 · dividends + net buybacks
Dividends paid
Net buybacksUSD 3.2B
Share of profit120.7%
Consecutive raises12 years

USD 3.2B in buybacks — 121% of the year's profit, so the payout drew on cash built up earlier.

Growth
+7.2% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+5.4%
+7.2%
+7.1%
Net income
+8.1%
+10.3%
+22.9%
EPS, diluted
+10.3%
+12.0%
+24.4%
Dividend / share
+14.6%
+19.0%
+19.4%
Returned to shareholders
+26.9%
+75.6%
+32.5%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
Shares outstanding, FY2025
Change, 5 years−10.6%
Change, 10 years−14.6%

The share count shrank 11% in five years — the same company, cut into fewer, larger slices.

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Balance sheet
USD 15.5B
total assets, end of FY2025
Total assetsUSD 15.5B
EquityUSD 3.3B
CashUSD 2.3B
Gross debtUSD 9.0B
Net debtUSD 6.7B
Current ratio3.03×

Net debt stands at 202% of equity.

History
15 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
Revenue $B
9.5
9.3
8.5
8.1
7.8
6.7
6.3
5.8
5.3
4.9
4.8
4.8
4.6
4.3
4.2
Operating income $B
3.4
3.1
2.9
2.7
2.5
2.0
1.8
1.7
1.5
1.2
0.5
0.8
0.7
0.7
0.4
EBITDA $B
3.8
3.6
3.4
3.1
2.9
2.4
2.2
2.0
1.8
1.5
0.7
1.0
0.9
0.9
0.6
Income tax $B
0.7
0.6
0.6
0.5
0.5
0.4
0.3
0.3
0.7
0.4
0.2
0.2
0.2
0.3
0.1
Net income $B
2.7
2.5
2.3
2.1
2.0
1.6
1.5
1.4
0.9
0.8
0.3
0.6
0.5
0.4
0.2
EPS, diluted $
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Dividend / sh $
2.03
1.80
1.56
1.35
1.07
0.85
0.69
0.54
0.44
0.39
0.34
0.30
0.27
0.00
0.00
Payout %
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
ROE %
66.0
50.9
49.9
47.3
49.0
50.6
61.3
72.2
53.1
64.3
28.5
51.8
20.3
10.8
·
Shares out B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
43 of 43
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed